Australian Capital Territory Numbered Acts

TOTALISATOR ACT 2014 (NO. 4 OF 2014) - SECT 54

    (1)     A person must not accept a bet on a totalisator unless the bet is paid, at or before the bet is made—

        (a)     in cash; or

        (b)     by debit against an amount held in an account for the person who makes the bet by the person who accepts the bet; or

        (c)     by debit against a credit betting facility made available by the person who accepts the bet.

Maximum penalty: 70 penalty units, imprisonment for 6 months or both.

    (2)     For subsection (1), the electronic funds transfer of an amount to an account operated by a person is taken to be payment of the amount in cash to the person.

    (3)     In this section:

"credit betting facility" means a facility by which the obligations of a debtor are secured or guaranteed in accordance with—

        (a)     arrangements approved by the commission; and

        (b)     any rules determined under section 73.